Addendum No. 5 to Lease Agreement between Industrial Properties of the South and Verilink Corporation

Summary

This addendum updates the lease agreement between Industrial Properties of the South (landlord) and Verilink Corporation (tenant) for office space at 9668 Madison Boulevard, Madison, Alabama. It extends the lease for two months, from December 31, 2000, to February 28, 2001, with rent rates and space allocations specified for the first and third floors. All other terms of the original lease remain unchanged.

EX-10.49 3 g64212ex10-49.txt ADDENDUM NO.5 TO LEASE AGREEMENT 1 Exhibit 10.49 July 26, 2000 ADDENDUM NO. 5 TO LEASE AGREEMENT BETWEEN INDUSTRIAL PROPERTIES OF THE SOUTH AS LESSOR AND VERILINK CORPORATION (AS SUCCESSOR TO TXPORT, INC.) AS LESSEE DATED JUNE, 1993 AND EFFECTIVE SEPTEMBER 22, 1993 AND HEREIN AFTER REFERRED TO AS THE MASTER LEASE At Lessee's request, this Addendum No. 5 is executed to this date, July 26, 2000 by Lessor and Lessee for the purpose stated within: A. Location: Airport Office Center, 9668 Madison Boulevard, Madison, AL 35758 First floor office space: Approximately 10,226 s.f. Third floor office space: Approximately 19,800 s.f. B. Term: Starting December 31, 2000 for a two month period through February 28, 2001. C. Rate: Rent for this time period will remain the same rate, First Floor: $8.98 per s.f. per year x 10,226 s.f. = $91,829.48 (annual) divided by 12 - $7,652.46 (per month). Third Floor: $9.48 per s.f. per year x 19.800 s.f. = $187,704.00 (annual) divided by 12 = $15,642.00 (per month). All other terms and conditions of the Master Lease remain the same. VERILINK CORPORATION LESSOR /s/ C. W. Smith /s/ Charlene B. Graham - -------------------------------------- ----------------------------------- VP & Corporate Controller 8/10/00 8-17-2000 - -------------------------------------- ----------------------------------- Date Date Prepared by: Industrial Properties of the South 2903 Wall Triana Hwy., Suite 7 Huntsville, AL 35824